31 December 2013

Value of residences in Malta higher than euro area average

Times of Malta 21/12/2013: A survey which compared households in Malta and the EU has found
that 77.7% of households in Malta owned their residence in 2010, as
opposed to 60.1% in the euro area.

And while the median value of the Maltese households’ main residence
was estimated at €186,643, the median value in the euro area stood at
€180,300.

The Central Bank survey found that while almost a third of Maltese
households (31.4%) owned other forms of property, including second
homes, garages, commercial premises and agricultural land, the
corresponding proportion of euro area households was less than
one-fourth (23.1%).

While the percentage ownership of vehicles was moderately higher for
Maltese households, the share of households reporting business ownership
was comparable with that reported for the euro area.
In contrast, Maltese households’ ownership of valuables was significantly lower...read on.